Commodities – our
focus

Gold Valley is focused on three core commodities – iron ore, copper and gold – each with long-established and forecast future demand.
Gold Valley’s production and exploration assets are predominantly located in the tier one mining jurisdictions of Western Australia and the Northern Territory

Copper
Copper was one of the first metals used by people. Its widespread applications now extend from industrial uses to electronics and have led to its price often being referred to as an economic bellwether.
Copper is corrosion resistant, antimicrobial and an excellent conductor of electricity, making it instrumental to the global energy transition.
Electric vehicles typically use about three times the amount of copper than traditional internal combustion engine vehicles.
Copper demand has been forecast to double from 2020 levels to 50 million tonnes by 2050.
Copper was recently deemed a critical mineral in jurisdictions including the US, India and the European Union.

Iron ore
Iron ore is considered the foundation of modern civilisation.
The Iron Age in human history led to stronger tools, weapons and more permanent settlements.
Iron ore is the primary ingredient in steel, an important engineering and construction material.
About 98% of global iron ore production is used in steelmaking.
Australia was the biggest producer of iron ore and China was the top consumer in 2023.
Demand from China is expected to grow at a softer rate in coming years, however strong growth is anticipated from rising steel demand and production capacity in regions including Asia and the Middle East.

Gold
Gold has both traditional and new technology uses.
It was used as a form of currency as early as the 6th century BC in Lydia and has been a store of wealth for centuries.
It is seen as a safe haven asset in times of economic and geopolitical uncertainties.
Gold also plays a role in new technologies, such as mobile phone circuit boards.
Annual gold demand (excluding over the counter trading) increased 18% to an 11-year high of 4,741 tonnes in 2022, according to the World Gold Council.
Demand was buoyed by a surge in central bank buying.
Jewellery, retail investment and technology are the other key markets for gold.
Gold demand is projected to increase amid continued uncertainties and the emerging buying power of an expanding middle class.